Cohesant Technologies Announces Status of Share Buyback and Supply Contract.INDIANAPOLIS--(BUSINESS WIRE)--Nov. 10, 1998--Cohesant Technologies Inc. (Nasdaq:COHT) today announced that it has purchased 270,000 shares of its common stock under its previously announced repurchase program of up to 400,000 shares. The aggregate price for shares purchased to date was $488,000. Included among the shares repurchased were 160,900 shares acquired from two investment limited partnerships controlled by the Company's chairman, Morton A. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. . Mr. Cohen commented that "The sales do not reflect any change in my long-term favorable views with respect to Cohesant Technologies, but result only from a repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of the partnerships' portfolios." Cohesant Technologies also announced that delivery of its Glas-Craft subsidiary's two-component spray finishing and coating application systems to Burtin Urethane urethane (yoor´ithān´), n ethyl carbamate used as an anesthetic agent for laboratory animals, formerly used as a hypnotic in humans. Corp. has been accelerated, with the second installment of units expected to be shipped by calendar year end. The previously announced $1.8 million agreement with Burtin Urethane does not include sales of auxiliary components and parts. Cohesant Technologies Inc., based in Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. , designs, develops, and manufactures specialized spray finishing and coating application equipment and specialty coating products through its two subsidiaries: Glas-Craft, Inc., and Raven Lining Systems, Inc. Glas-Craft manufactures spray finishing and coating equipment that meets strict new clean-air standards. Raven Lining Systems, Inc., manufactures and sells AquataPoxy(R) and the Raven line of high-performance coating systems that are resistant to water and corrosive breakdown by most acids and solvents and can be used in drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. systems. Certain statements contained in this report that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statement. These risks and uncertainties include, but are not limited to, a slow-down in domestic and foreign markets for plural component dispensing systems and a reduction in growth of markets for the Company's epoxy epoxy Any of a class of thermosetting polymers, polyethers built up from monomers with an ether group that takes the form of a three-membered epoxide ring. The familiar two-part epoxy adhesives consist of a resin with epoxide rings at the ends of its molecules and a curing coating systems. |
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